Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
BISNOW
WeWork, amid its rapid expansion in 2018, paid more than $2M to a female employee in the real estate division who was threatening to blow the lid off claims of rampant sexual harassment, pay discrimination and widespread drug use within the company. In a 50-page document obtained by Business Insider, the woman reportedly said she would sue the company and make a complaint to the Equal Employment Opportunity Commission.
SOILCONNECT
NEW YORK (February 25, 2020) – Soil Connect, an innovative digital platform connecting those who have soil with those who need it, today announced the launch of version 2.0 of its mobile and web-based app, bringing much-needed modernization to the transport and management of soil, aggregates and other materials. In conjunction with the launch, Soil Connect announced that its first institutional financing was led by Michigan investment group Common Sail, and disclosed that it has executed strateg…
GLOBEST
While EnerNOC’s Energy Intelligence Software business was a pioneer in energy management serving a wide variety of industries, its spin-off by former EnerNOC leaders, Hatch Data, is focused squarely on the $15 trillion commercial real estate market. This is a logical step, given the increasing concentration on environmental, social and governance issues that come with real estate ownership.
GLOBEST
Built, a construction finance technology platform, is taking aim at the pain points in construction lending, continually adding features to help streamline the process. To accomplish this goal the firm has brought on commercial lender executive Jim Fraser to help with the task.
BLOOMBERG
Dotted within the sparsely populated forests and tundra of northern Quebec is an existing technology that could hold the key to slashing greenhouse-gas emissions created by powering the dense cities and suburbs between Boston and New York, at the lowest possible price. All that’s needed is a handful of new transmission lines, according to researchers at the Massachusetts Institute of Technology, and the existing network of hydroelectric dams from the Hudson Bay to the St. Lawrence River could se…
THEREALDEAL
Barton owns the largest individual stake in Zillow, which he started with four colleagues from his prior company, Expedia. He stepped down from his CEO position in 2010 and stayed on as executive chairman but returned to his CEO role last February to lead Zillow’s iBuying charge through its service Zillow Offers. The company’s stock still struggled throughout 2019, but Zillow released the year’s full earnings report Wednesday and showed enough momentum to raise its stock price significantly….
CUSHMANWAKEFIELD
Cushman & Wakefield recently partnered with Fifth Wall, the world’s largest venture capital firm focused on technologies for the global real estate industry. We recently sat down with Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall, and Brett White, Executive Chairman & CEO, Cushman & Wakefield, to talk about their strategic partnership, how the firms complement each other and why they hope to revolutionize the industry together.
THEREALDEAL
Masayoshi Son was widely regarded as an eccentric-but-gifted entrepreneur when, in 2014, he dazzled investors during an earnings presentation by showing them a picture of a large, brown-feathered bird. “SoftBank wants to become the goose that lays the golden eggs,” Son told them, two years before launching a $100 billion Vision Fund that went on to anoint a crop of promising startups….
GLOBEST
NEW YORK CITY — Mass urbanization and commercial real estate’s climate impact demand strong action by designers, urban planners and architects, developers and legislators around the world. It’s also a subject that Gensler has taken very seriously: the Gensler Cities Climate Challenge (GC3) outlines the firm’s commitment to design all their projects to net-zero standards by 2030; and addressed it in their recently released Design Forecast “Shaping the Future of Cities.” Diane Hoskins and Andy Co…
BLOOMBERG
Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo. In a spacious conference hall at his Tokyo headquarters, the Japanese billionaire huddled with lieutenants from the startup and his own SoftBank Group Corp. to brainstorm strategy. He figured Oyo had the potential to disrupt both the staid hotel business and short-term apartment rentals in Japan, according to people i…
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